CLAREMONT, 6010 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $1,460,000.
Profits due to an upward trend in home prices in the suburb averaged 1.68% per annum over a 3-year period.
CLAREMONT now ranks at the 9th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in CLAREMONT are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $700 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CLAREMONT, homes and units usually stay on listing for an average of 60.2 days.
In 2016, 98 properties were sold in CLAREMONT during the past year, making it the 3rd most active market in WA based on total real estate transactions.
CLAREMONT ranks 37th in WA when it comes to estimated capital gains experienced by property investors over the past three years.
CLAREMONT, 6010 has a capital gain of 6.94% for the past year, which is higher than average compared to its 15.77% growth within a five-year period.
With the median home price in CLAREMONT sitting at $670,000, and the average rent at $390, property owners could potentially earn a 3.03% increase in gross rental yield.
Property investors have seen a 1.13% gain in CLAREMONT based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that CLAREMONT, 6010 obtained a 0.53% growth over a ten-year period. It ranks 1553rd on our list of suburbs that property investors should look into.